Refined Petroleum Export Data: Top Countries, Products
Explore petroleum oils export by country in 2025, with HS Code 2710 breakdown, top destination markets, export value, unit price based on customs data.
Key Takeaways
Global refined petroleum (HS 2710) export value reached $640.88 billion across 2.41 million shipments in 2025.
- Total export weight: 742.84 billion kg at an average unit price of $0.86/kg
- Year-on-year value growth: +18.1% from $542.65 billion in 2024
- HS 271019 (non-light petroleum oils): $278.63 billion — 71% of total value
- HS 271012 (light petroleum oils): $113.96 billion — 29% of total value
- Mexico was the single largest destination country, absorbing 27.3% of total HS 2710 trade value.
This overview covers year 2025 and is based on verified customs data from the yTrade database.
Refined Petroleum Export Value and Volume in 2025
Based on yTrade trade data analysis, global petroleum oil export value reached $640.88B in 2025, up from $542.65B in 2024, reflecting continued demand for refined fuels across transportation, industrial, and energy sectors.
- Export Value Growth: Global petroleum oil exports increased to $640.88B in 2025, representing 18.10% year-over-year growth, indicating strong market expansion driven largely by rising energy prices and continued global fuel demand.
- Export Volume Stability: Total export weight reached 742.84B kg, growing 2.95% YoY, suggesting that physical trade volume expanded moderately compared with the value increase.
- Trade Activity: Shipment frequency rose to 2.41M transactions, a 4.73% increase, reflecting steady growth in international petroleum trade flows.
- Price-Driven Market Expansion: The average export unit price increased to $0.86/kg, up from $0.75/kg in 2024 (+14.72%), showing that price changes played a significant role in the rise of total export value.
Table: Petroleum Oils Export Value, Weight, Unit Price (Source: yTrade)
| Metric | 2025 | 2024 | YoY |
|---|---|---|---|
| Total Value | 640.88B USD | 542.65B USD | +18.10% |
| Total Weight | 742.84B kg | 721.58B kg | +2.95% |
| Frequency | 2.41M | 2.30M | +4.73% |
| Avg Unit Price | $0.86/kg | $0.75/kg | +14.72% |
Refined Petroleum Export Breakdown by Product
In 2025, total exports of refined petroleum are dominated by non-light oils and preparations (HS 271019), valued at $278.63B and accounting for 71% of the total value. Light oils and preparations (HS 271012) represent a secondary stream, valued at $113.96B with a 29% share. This structure is highly concentrated, with the bulk, non-light category making up the overwhelming majority of export value.
- HS Code 271019 dominates global petroleum oil exports, accounting for $278.63B in value, representing 70.97% of total HS 2710 exports, supported by 248.85B kg traded and 1.76M shipment records.
- HS Code 271012 (light petroleum oils) contributes $113.96B, making up 29.03% of global exports, with 202.02B kg traded and 322.82K shipments.
- Trade volume is distributed across both categories, with 271019 showing higher shipment frequency, indicating broader industrial and fuel applications.
- Both product groups together form the core of refined petroleum trade, covering fuels such as diesel, gasoline, and other petroleum-based energy products used globally.
Table: World HS Code 2710 Export Breakdown Details (Source: yTrade)
| HS Code | Product Description | Value | Weight | Quantity | Frequency | Value Ratio |
|---|---|---|---|---|---|---|
| 271019 | Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations | 278.63B | 248.85B | 213.42B | 1.76M | 70.97% |
| 271012 | Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; light oils and preparations | 113.96B | 202.02B | 207.33B | 322.82K | 29.03% |
Check Detailed Petroleum Oils Breakdown
Top Countries Exporting Refined Petroleum
- Mexico dominates global imports of HS 2710 petroleum oils, with $47.21B under HS 271019 and $84.46B under HS 271012, making it the largest destination market.
- Brazil and the United States remain important buyers in the HS 271019 category, importing $14.18B and $11.78B respectively.
- Ukraine and Côte d’Ivoire appear as notable energy importers, with $10.43B and $9.06B in HS 271019 imports.
- In the HS 271012 segment, Indonesia, Côte d’Ivoire, and the UAE are key markets with imports ranging from $8B–$13B.
- Pakistan also emerges as a growing destination, importing $8.24B in refined petroleum products.
HS Code 271019 Top Destination Countries
In 2025, Non-light petroleum oils (HS Code 271019) exports were highly concentrated in a small group of destination markets, with Mexico ranking first at $47.21B and 89.30B kg. Brazil ranked second at $14.18B and 17.69B kg, followed by the United States at $11.78B and 23.53B kg, Ukraine at $10.43B, and Côte d'Ivoire at $9.06B and 11.18B kg. The data shows that non-light petroleum oils were mainly shipped to large fuel-consuming economies and regional distribution markets, with the top five destinations all importing more than $9B in 2025.
- Top 1: Mexico — Value: $47.21B
- Top 2: Brazil — Value: $14.18B
- Top 3: United States — Value: $11.78B
- Top 4: Ukraine — Value: $10.43B
- Top 5: Côte d'Ivoire — Value: $9.06B
HS Code 271012 Top Destination Countries
In 2025, Light petroleum oils (HS Code 271019) exports were even more concentrated, with Mexico alone importing $84.46B and 213.93B kg, far ahead of Indonesia at $13.32B and 20.54B kg. Côte d'Ivoire ranked third at $9.50B and 10.23B kg, followed by the United Arab Emirates at $8.48B and 14.01B kg, and Pakistan at $8.24B. The structure indicates that light petroleum oils were directed mainly toward a few high-volume fuel markets and regional trading hubs, with the largest destination market far exceeding all others in both value and weight.
- Top 1: Mexico — Value: $84.46B
- Top 2: Indonesia — Value: $13.32B
- Top 3: Côte d'Ivoire — Value: $9.50B
- Top 4: United Arab Emirates — Value: $8.48B
- Top 5: Pakistan — Value: $8.24B
Table: Petroleum Oils Top Destination Countries by Product (Source: yTrade)
| HS Code | Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|---|
| 271019 | MEXICO | 47.21B | 75.80B | 213.00K | 89.30B |
| BRAZIL | 14.18B | 5.90B | 26.50K | 17.69B | |
| UNITED STATES | 14.18B | 5.90B | 26.50K | 17.69B | |
| UKRAINE | 11.78B | 22.04B | 28.77K | 23.53B | |
| CÔTE D'IVOIRE | 9.06B | 19.45M | 34.57K | 11.18B | |
| 271012 | MEXICO | 84.46B | 141.15B | 37.77K | 213.93B |
| INDONESIA | 13.32B | 262.29M | 3.07K | 20.54B | |
| CÔTE D'IVOIRE | 9.50B | 34.20K | 24.20K | 10.23B | |
| UNITED ARAB EMIRATES | 8.48B | 6.35B | 828.00 | 14.01B | |
| PAKISTAN | 8.24B | 15.89B | 7.07K | 12.84M |
Get Petroleum Oils (HS Code 2710) Complete Destination Countries Profile
Frequently Asked Questions
How much Petroleum Oils are Exported by Product in 2025?
Non-light oils and preparations (HS 271019) dominated, accounting for 71% ($278.63B), while light oils (HS 271012) represented 29% ($113.96B) of the total export value.
What products are classified under HS code 2710?
HS 2710 includes light petroleum oils (gasoline, naphtha — sub-code 271012), non-light petroleum oils (diesel, heating oil, fuel oils — sub-code 271019), and waste oils. Lubricants and aviation turbine fuels also fall within this classification.
What is the difference between crude oil (HS 2709) and refined petroleum (HS 2710)?
HS 2709 covers crude petroleum oils — unprocessed oil extracted from wells. HS 2710 covers petroleum products that have been processed through refining, including diesel, gasoline, jet fuel, and fuel oils. Both are traded in large volumes but serve different downstream markets.
How to verify a Petroleum Oils Exporter?
Check shipment frequency patterns; confirm HS 2710 sub-code alignment (e.g., 271019 dominance); validate recurring trade with top partners like Mexico or Indonesia.
Where can I access country-level refined petroleum export data by buyer and shipment?
yTrade's HS 2710 data page provides customs-level records including exporter company names, buyer details, destination countries, unit prices, and shipment volumes for global refined petroleum trade.
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